Tax Justice Network: Daily Telegraph – The Cost of Tax Havens

Tax Justice Network: Daily Telegraph – The Cost of Tax Havens.

according to Tax Justice Network about 160 billion GBP yearly are lost as a result of the tax havens. In the context of austerity and reduction of public debt, it is ridiculous when UK government’s creativity regarding balancing the government income and expenditure is limited to proposing pasty tax. Tackling tax havens would not only solve government’s income problem, but also would bring more justice to the global economy and transparency of aid and development sector.

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